ABA Risk and Compliance
 
 
 
 
August 28, 2020
Features
Compliance and Risk Talent: Technologists First?
As risk management and bank compliance continue their evolution, banks need talent with a broader range of technology know-how.
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WHY YOUR BANK NEEDS A CMS
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Regulators have been emphasizing the importance of a strong and effective Compliance Management System. This whitepaper will walk you through the basics of a CMS while offering practical advice on how to ensure your CMS supports your strategic goals.Takeaways include:
·A primer on CMS requirements
·4 key elements to prioritize when designing or updating a CMS
·7 CMS features that should align with your bank’s goal and structure
·Examples of failed CMSs and compliance controls
CLICK HERE TO DOWNLOAD AND LEARN ABOUT OUR CMS SOFTWARE
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Risk and Compliance News
FinCEN Statement Outlines Approach to BSA Enforcement
The Financial Crimes Enforcement Network has issued a statement describing its approach to Bank Secrecy Act enforcement and the factors it evaluates in determining the appropriate response to and enforcement of BSA violations.
Financial Regulators Clarify Use of Cease and Desist Orders in BSA/AML Enforcement
The federal financial regulatory agencies have issued a joint statement addressing how they will address noncompliance with the Bank Secrecy Act/anti-money laundering requirements.
CRE Tenants Have Missed Billions in Payments. Which Sectors Are the Most at Risk?
While it is too early to assess the full effects, COVID-19 will permanently reshape commercial real estate in the U.S.
Biz2Credit, Inc.
Oracle Financial Services Global Business Unit
SBA Updates Guidance on PPP Forgiveness, Loan Reviews
The Small Business Administration has released several elements of guidance for Paycheck Protection Program lenders and borrowers.
ABA to CFPB: Extend ‘GSE Patch’ Six Months Past QM Final Rule
ABA welcomed the Consumer Financial Protection Bureau’s proposal to extend the temporary "GSE patch"—which grants Qualified Mortgage status to loans eligible to be purchased or guaranteed by Fannie Me or Freddie Mac—until the bureau’s proposed QM rule changes are finalized and take effect.
Data Breach Response Ready
Experian Partner Solutions®
Your free go-to hub to help your business take those crucial first steps in preparing a customer first notification response. Data breach incidents unfortunately happen daily, across all businesses, all over the world. We created this hub especially for businesses to feel confident, secure, and prepared for a data breach. Whether your business is small, medium or large, we will partner to help you take proactive steps in all stages of a breach.
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Training

September 9
Webinar: Preventing ATM Crime: The Do’s and Don’ts for Safeguarding ATMs

September 23
Webinar: Unclaimed Property: Escheatment Updates

October 5 - 21
Facilitated Online Training: Compliance School – Foundational

October 6
Webinar: Document Review Trends and Leading Industry Practices for Corporate Trustees

November 2, 2020 - January 8, 2021
Facilitated Online Training: Managing Interest Rate Risk

November 18
Webinar: Industry Trends and Developments Impacting Corporate Trustees